The
Parc is a two-towered condominium complex with 16
regular units and two penthouses ranging in price from
$999,000 to $1,499,000, according to Coldwell Banker
Elite Administrative Coordinator Jeff Gramins. He said
12 of the 18 rooms have already been reserved.

The
development was started by long-time area developer Jon
Spheeris of Coldwell Banker Elite, a real estate firm
located in downtown Oconomowoc, Gramins said. The condos
will be constructed by Corporate Contractors, Inc., with
the completion date slated for March of 2019, according
to CCI Vice President Kevin Day. Oconomowoc Mayor David
Nold, who attended the ceremony, said The Parc
condominiums are an exciting opportunity for the
Oconomowoc community.

“This whole area has been redeveloped to provide a
much-needed tax base for the area,” said Nold.

Nold
also said a nice perk of the project is that there will
be a public walkway along the lake that anyone can
access.

All
the units will have covered balconies with unobstructed
panoramic views of Lac La Belle. Each unit features
three bedrooms, two baths and a powder room, kitchen,
dining area, great room and library/den, both with
fireplaces, and in-unit laundry. Each penthouse will
have 4,200 square feet of space and the remaining 16
units will have 2,900 square feet.

Gramins said the structure will change the look of the
area dramatically. He said the dual midrise-tower design
should open the space between the street and the lake
and with a generous setback, create a more welcoming
feel to the area.

“It’s going to be really something when they’re done
with it,” said Gramins.